IAS 32 Amendments - Financial Instruments: Disclosure and Presentation
- Published in the Official Journal
- Filipe Alves
The IASB's main objectives with regard to improving IAS 32 were:
- to provide additional guidance on selected matters - such as the measurement of the components of a compound financial instrument on initial recognition, and the classification of derivatives based on an entity's own shares - and to locate all disclosures relating to financial instruments in one standard.
- to replace the following Interpretations and draft Interpretation:
SIC-5 Classification of Financial Instruments - Contingent settlement Provisions;
SIC-16 Share Capital - Reacquired Own Equity Instruments (Treasury Shares);
SIC-17 Equity - Costs of an Equity Transaction; and
draft SIC-D34 Financial Instruments - Instruments or Rights Redeemable by the Holder.
On 8 July 2008 EFRAG published its Endorsement Advice to the European Commission (documents can be found bellow).